Rohde & Schwarz’s setting up global hub in brand new SGD 58 million (EUR 35 million) building at Changi Business Park, Singapore
Press Release from Rohde & Schwarz
Rohde & Schwarz intensifies strategic operations with SGD 85 million (EUR 52 million) investment in Singapore facility
Singapore, Apr 25, 2012 – Part of Rohde & Schwarz’s investment includes a brand new SGD 58 million (EUR 35 million) building at Changi Business Park, Singapore. Targeted for completion by the fourth quarter of 2013, the building will be the first global hub outside the company’s headquarters in Germany. The Munich-based high-tech electronics company broke ground on 25 April 2012 to commemorate this major strategic milestone for Rohde & Schwarz that also reflects its continued commitment to Singapore.
Marking a major strategic milestone for the company, Rohde & Schwarz GmbH & Co. KG, a family-owned global high-tech electronics company, is investing SGD 85 million (EUR 52 million) in Singapore’s economy over the next three years. Part of this investment includes the injection of SGD 58 million (EUR 35 million) to design and build its own global hub in Singapore – its first outside Germany. With an area of 12,747 square meters, the new facility will house two important entities: namely Rohde & Schwarz Asia, which serves as a global hub for R&D, Engineering and Production; and Rohde & Schwarz Regional Headquarters, which manages the businesses in the Eastern Hemisphere – comprising Asia Pacific, Middle East and Africa – worth more than a third of Rohde & Schwarz’s net revenue.
To further enhance its global footprint in Singapore and to fortify its presence in the Eastern Hemisphere, Rohde & Schwarz is injecting additional share capital in its wholly-owned subsidiary, Rohde & Schwarz Asia Pte Ltd. As a global hub, the company has also expanded its existing system engineering operations to include other key activities and functions that are normally conducted in Munich. These include product charter responsibility, full scale R&D, production and supply chain.
“Our presence in Singapore and the region has grown exponentially since we first began here in 1997. This new facility is a clear signal of our strong commitment to Singapore, and will give us the space to expand through a vast scope of higher value-added activities, including capital investment and knowledge-intensive work like innovative product development and R&D,” said Mr. Gerhard Geier, President and Chief Operating Officer, Rohde & Schwarz.
Mr. Manohar Khiatani, JTC Corporation’s Chief Executive Officer said: “We are delighted that Rohde & Schwarz, a world technological leader, has decided to establish its first global hub outside of its German headquarters in Singapore. This reaffirms the strong and growing partnership between Rohde & Schwarz and Singapore. The company’s decision to site this new hub at Changi Business Park also underlines the unique and conducive environment that the Park offers for high technology and R&D companies. We are confident of Rohde & Schwarz’s continued success in Singapore and look forward to further strengthening our long-lasting partnership.”
“We are pleased that Rohde & Schwarz has chosen Singapore to site its first global business hub outside of Germany to serve the region. Singapore’s pool of highly skilled manpower, strong manufacturing base and R&D capabilities offer Rohde & Schwarz an ideal location to strengthen its business footprint in Asia. I firmly believe that Singapore’s business-friendly environment and strategic location will contribute to Rohde & Schwarz’s growth and success,” added Mr. Yeoh Keat Chuan, Assistant Managing Director, Singapore Economic Development Board.
Designed by local architect Forum, the new, seven-floor Rohde & Schwarz building is a state-of-the-art Green Mark Platinum building. With its simple iconic appeal, the facility will complement and blend with the excellent architectural landscape within Changi Business Park. Asia Pacific: Wen Shi Tong, Phone: +65 6 307-0029, E-mail: WenShi.Tong@rohde-schwarz.com
Rohde & Schwarz
Rohde & Schwarz is an independent group of companies specializing in electronics. It is a leading supplier of solutions in the fields of test and measurement, broadcasting, radiomonitoring and radiolocation as well as secure communications. Established more than 75 years ago, Rohde & Schwarz has a global presence and a dedicated service network in over 70 countries. It has approx. 8400 employees and achieved a net revenue of € 1.6 billion in fiscal year 2010/2011 (July 2010 to June 2011). Company headquarters are in Munich, Germany.
R&S ® is a registered trademark of Rohde & Schwarz GmbH & Co. KG
Asia Pacific: Wen Shi Tong, Phone: +65 6 307-0029, E-mail: WenShi.Tong@rohde-schwarz.com